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Polly purchased a new hotel on July 20, 2010, for $4,000,000. On January 20, 2017, the building was sold. Determine the cost recovery deduction for
Polly purchased a new hotel on July 20, 2010, for $4,000,000. On January 20, 2017, the building was sold. Determine the cost recovery deduction for the year of the sale
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